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If you do not have your own resources, funding can be a problem. However, there are funds available if you know where to look. |
The amount you are looking for will determine what sort of institution you need to approach.
Where do I start ?
The first essential is a sound business plan. No investor will entertain you without one of these. Your accountant or other business advisor may be able to help draw one up. You will need to have a clear plan backed up with estimated costs and likely returns.
Where do I get the funds?
Your local bank may be prepared to loan against a good business plan, if the amount is not too great. The disadvantage is that you will have to pay it back with interest!
A business angel will invest modest amounts, and will not need to be paid back if the venture does not succeed, however, he/she will want a stake in your company.
For larger sums, a Venture Capitalist may be interested. Other sources include grants from government bodies and trusts. Click the links opposite for more information |
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FAQ
